Fundera offers a range of products including SBA loans, invoice financing, merchant cash advances, short term loans, lines of credit, equipment loans, and more. While the company does not originate loans, they match their customers up with their partner business funders that the user may be qualified for.
We compiled user reviews from around the web and determined that Fundera has a mix of positive and negative ratings. We also compared the most popular pricing options available.
Summary of Fundera User Reviews
What Fundera does well:
Users who gave Fundera positive feedback said that the company’s customer service has been helpful every step of the way. Many customers also liked the fast processing time from application to funding.
What Fundera does not do well:
Customers who gave Fundera negative feedback reported that they didn’t really get what the company had previously stated they were qualified for. Some customers also complained about high interest rates.
Most Helpful Positive User Review
A customer who gave Fundera a 5-star rating on Trustpilot said that he used the company to help him find a lender for a long term SBA loan. He mentioned that it was not his first SBA loan, so he already knew what to expect. He said that he’s happy with how easy that process had been from start to finish. He was also impressed with Fundera’s representatives, as they were quick to respond with his emails and phone calls. Overall, he felt that the company listened to his needs, understood his business, and were upfront about every suggestion.
Most Helpful Negative User Review
A user who gave Fundera a negative review on TrustPilot said that she felt like she was duped. According to her, she was told that she would be qualified for an excellent rate, but after weeks of providing information, the loan option provided was not what she wanted or expected. She reported that the agent assured her that after six months of prompt payments she would qualify for the original loan promised. She said she called back after six months and the company did not stand behind what they promised and that she’s now stuck in a ridiculous loan.
Fundera doesn’t charge their customers directly. Instead, they receive commission from their funding partners. Whenever a loan is funded through Fundera, the company collects about 2% to 5% of the loan amount from their partner. Fees will vary depending on the lender. The lender you’re matched with will set the interest rates.
|Business Line of Credit|
|Merchant Cash Advance|
|Small Business Startup Loan|
|Personal Loans for Business|
Useful Fundera Resources
Startup Business Loans 2018: The 11 Best Ways to Fund Your Startup – In this article, we’ll analyze the 11 best startup business loans — from SBA loans to angel investors to Rollovers for Business Startups (ROBS).
How to Get a Loan to Buy a Business in 2018 – We’ll show you how to get a loan to buy a business and where to find business acquisition financing.
Top 5 Bad Credit Business Loan Options for 2018 – We review the best bad credit business loans available to help you find a good fit to get financed quickly.
Easy Business Loans: What Are the Best Easy Financing Options for 2017 – In this article, we review the three best places to get easy business loans in terms of funding amounts, application process, qualifications for approval, and funding times.
Best Unsecured Business Loans for Small Businesses 2017 – In this article, we review the best unsecured business loans for borrowers who either can’t or don’t want to pledge personal collateral in order to get a business loan.
Fundera Video Overview
This video shows how Fundera works.